Hints and tips:
...One only need look at Porsche and Lamborghini to see how things might play out. Ferrari is a luxury stock....
...VW said the “main reason” for this decline is a “reluctance to buy on the part of Chinese customers as a result of the continuing tariff dispute with the USA.”...
...The VW Group is set to release figures for all 12 brands, including Porsche, Seat and Skoda, on Friday....
...The USA and China now see a chance to take over . . . I see our chances of keeping the lead position at 50:50.”...
...According to Bild on Wednesday, Mr Piëch alleged that members of the supervisory board, including Stephan Weil, prime minister of Lower Saxony; Wolfgang Porsche, chairman of Porsche SE, Volkswagen’s parent...
.... ————— Latest coverage of the VW scandal ● Inside Business: Governance remains VW’s Achilles heel ● FT View: The next Volkswagen scandal can be avoided ● Lex: Porsche tailgating —————- But US regulators...
...In Europe, Nestlé is investing heavily in its Dolce Gusto systems, which also make non-coffee drinks; if Nespresso is the Porsche of Nestlé, says Mr Bula, Dolce Gusto is the Audi version....
...The board said proposals from Volkswagen and Audi and Porsche, its luxury units, were “incomplete and deficient”....
...Previously the chairman of Porsche AG. Pledges maximum transparency to solve crisis and win back trust of customers....
...In his best years he was earning $900,000 and owned a house in suburban New Jersey, a Porsche and two Harley-Davidsons. “No one ever told you this market was going to end,” Mr Weinstein says....
...Monday’s allegations from the EPA mark the first time Porsche vehicles have been caught up in the scandal....
...Porsche said it was “surprised” to learn of the EPA’s concerns. “Until this notice, all of our information was that the Porsche Cayenne diesel is fully compliant,” the brand said....
...Volkswagen has appointed Matthias Müller, head of Porsche, as chief executive to lead the carmaker out of the worst scandal in its history....
...Mr Stadler has long been one of the golden boys of the VW group, not least due to his close relationship with the Piëch and Porsche families that control the carmaker....
...In November, the EPA announced it had discovered similar “defeat devices” in 10,000 three-litre sports utility vehicles, including the Cayenne from VW’s upmarket Porsche brand....
...The models include Audi’s A6, A7, A8, Q5 and Q7, and the VW Touareg and Porsche Cayenne sport-utility vehicles....
...The crucial question will be how wisely the company handles the various legal actions in the US arising from it fitting so-called defeat devices that allowed various VW, Audi and Porsche diesel-powered cars...
...Overall group sales, which involve 12 brands including Audi, Porsche, Seat and Skoda, fell by 2 per cent last year to 9.93m vehicles, in the first decline since 2002....
...But by far the most important change was the first one: the elevation of Matthias Müller, former Porsche boss, to the role of VW group chief executive — just seven days after the scandal broke....
...The Porsche and Piëch families control a majority of VW’s voting shares through Porsche SE, a holding company. Lower Saxony holds 20 per cent of VW’s voting shares....
...Late on Friday, Matthias Müller, head of Porsche and the leading candidate to replace Mr Winterkorn, was appointed VW chief executive....
Analysts say vehicle emissions probe could prompt management changes at carmaker
...A Porsche spokesman said Mr Hatz had been temporarily suspended as “a precaution”. He declined to comment on his behalf....
...The former head of Porsche, a VW subsidiary, outlined a new decentralised structure for the group last month designed to hand more responsibility to its regions and 12 brands....
...He was replaced by Matthias Müller, the former head of Porsche, a VW subsidiary, last Friday....
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